Ninjastic
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Board India
Re: Binance Has Joined The Crypto-Asset Exchange Committee At The IAMAI
by
electronicash
on 18/06/2020, 18:47:10 UTC
Quote from: akram143 on Today at 06:08:14 PM
Quote from: reliable on Today at 07:31:19 AM
Quote from: akram143 on Today at 04:05:38 AM
Government of India proposed a law to ban all the crypto currency activities and also proposed 25 crore as penalty if someone involves into it on the other side government organisation warmly invited one of the biggest trading platform in India and waiting for their future projects!

  Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

This is true and may not work out well for binance because government was never the in proposal to make it legal and in the event of series if seen from past couple of years form the government side they have not encourage the crypto in the country. Only due to the SC hearing they have to follow it and with this new news about the probable law coming for the ban Binance may soon have to shut it down from country.
Recently Binance spend millions of dollars to buy Wazirx and entered into Indian market, if the ban is real they won't be taking such risk so they know how to handle and from their actions I guess chances of that ban proposal will be passed is very less.

since binance was warmly welcomed then its almost not going to be passed already.  mobile association is excited to work with binance to take part of the regulation on crypto in the country. this is just what is needed here to the bill to be junked. binance is just too powerful. the IAMAI is excited to work with binance in developing a constructive policy framework for crypto assets in India. threat is over!